Commerce does this by endeavoring to consider all of the factors of production necessary to make the product (the various materials, labor, electricity, water, and other overhead) and valuing those inputs by reference to their prices in another country.
FORBES: President Obama's Chance to Fix Deteriorating Economic Relations with China
They fixate on the inanimate stuff of capital and overlook the human imagination, patience and effort to anticipate consumer desires and bring together the many factors of production to eventually satisfy them.
In such an economy one in which ideas, and the ability to manipulate them, count for far more than the traditional factors of production the university has come to look like an increasingly useful asset.
On the most abstract level this is because liquidity earns real rents, those rents are distilled by a perfectly competitive market and ultimately accrue to the owners of the irreproducible factors of production.
There are limits to monetary policy: the Fed does not have the knowledge to bring about full employment, which requires flexible relative prices for all factors of production.
FORBES: Ben Bernanke's QE4: Another Step Toward Helicopter Money, And Away From Freedom
Psoriasis is a genetic condition which, when triggered by certain factors such as injury or throat infection, leads to an over-production of skin cells.
BBC: NEWS | UK | England | Tyne | Hope for skin complaint sufferers
"The rise in the number of businesses in recent years shows that a recession can be an excellent time to start a business, " he states in his report, adding that "factors of production such as premises and labour can be cheaper and higher quality, meaning that return on investment can be greater".
The combined factors are expected to reduce the year-end production by some 50, 000 barrels of oil a day, Mr Chapman said.
The World Bank cites, among other factors, Saudi Arabia importing wheat, a result of its cuts in production to conserve water.
As patients age, genetic mutations or unknown environmental factors may boost the production of deformed proteins, or old brain cells simply may become less able to dispose of debris.
In particular, low-status individuals showed high levels of activity in genes associated with the production of various immune-related cells and chemical signalling factors, as well as those to do with inflammation (a general immune response that involves tissue swelling and increased immune-cell activity in the affected area).
Natural factors such as forest fires further affect air quality by emitting carbon monoxide and other gases that lead to the production of ozone.
应用推荐